Read the two statements and choose the correct option.
I. The fiscal deficit always equals the revenue deficit.
II. The fiscal deficit equals the government's borrowing in the year.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Ten questions from Budget Deficits, at your own pace.

Ten questions from Budget Deficits, at your own pace.

Read the two statements and choose the correct option.I. The fiscal deficit always equals the revenue deficit.II. The fiscal deficit equals the government's borrowing in the year.